'Russia-Ukraine war to weigh on India's growth'

While retail inflation can be checked through a cut in excise duty on oil, it will disturb the government's budget. Reduced revenues will swell the fiscal deficit if spending is not cut. Alternatively, if the government decides to stay with the fiscal deficit target of 6.4% of GDP for FY23, capital spending is likely to be reduced, which would in turn depress growth.

from Economy-News-Economic Times https://ift.tt/vlVsFZh
via